INITIAL INVESTMENT BREAKDOWN
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INITIAL INVESTMENT

BREAKDOWN

FRANCHISE FEE

*$25,000-$35,000

DUE: UPON SIGNING THE FRANCHISE AGREEMENT

LEASE

*$1,500-$4,500

Due: Monthly to lessor.

MATERIALS AND SUPPLIES

$7,000-$15,000

Due: Paid to Third Party approximately 3 weeks before opening.

INITIAL TRAINING: FEE, TRAVEL, LODGING, ETC...

$5,000-$12,500

Due: Paid to iMechanic and Third Party Vendors approximately 4 weeks before your grand opening.

COMPUTER SYSTEM AND POS SYSTEM

$3,000-$5,000

Due: Paid to Third Party approximately 45 days before opening

PROFESSIONAL FEES, STARTUP ASSISTANCE

$1,000-$10,000

Due: Paid to Third Party as required

ADDITIONAL FUNDS -3- MONTH ESTIMATE

$1,000-$15,000

Due: Paid to Third Party as required

LEASEHOLD IMPROVEMENTS/BUILDOUT

$5,000-$30,000

Due: Paid to Third Party on construction.

OPENING INVENTORY

*$10,000-$15,000

Due: Paid to iMechanic and Third Party Vendors approximately 2 weeks before your grand opening.

INITIAL PROMOTIONAL ADVERTISING EXPENSES

$2,500-$3,000

Due: Paid to Third Party approximately 3 weeks before opening

SIGNAGE

$5,000-$12,500

Due: Paid to Third Party on construction

INSURANCE

$750-$2,000

Due: Paid to insurance agent annually and as required.

LICENSE AND PERMITS

$350-$750

Due: Paid to Local and State Agencies as required.

TOTAL: *$67,100 – $157,750

Ongoing Franchising Fees

Royalty Fee – 7% of Gross Sales

Advertising Fee – 1% of Gross Sales

TAKE CONTROL OF YOUR FUTURE, OWN AN IMECHANIC
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